for sale mcmullen creek retail center -...

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

Listing Features

• 100% Leased Retail Investment Near Downtown

• Tenants Include Maximus, Ground Control Cloggers, Julies Jazzworks & Motion Industries

• New Roof Installed September 8, 2015 - 5 Year Warranty on Labor, 10 Year Warranty on Materials

• Surrounding Business Include St. Luke’s, Kmart, Vicker’s Western Ware, Stinker and Shell Gas Stations, Snake River Harley-Davidson, D & B Supply and more

• Encompassed by New and Established Subdivisions and Multi-Family Developments - Directly in the Path of Future Growth

Property Highlights

Sale Price $1,100,000 ($95.24/SF)

NOI $76,573.20 After Expenses ($30K/Yr.)

Cape Rate 7%

Building Size 10,500 SF Total

Year Built 2002

Lot Size 1 Acre

Parcel RPT00107116065A

Parking 36 Stalls - Shared / Open

LockBox No, Contact Agents to Schedule

100% LEASED INVESTMENT SALE

Jennifer McEnteeDirectorOffice Specialist +1 208 287 9495 [email protected]

398 South 9th Street, Ste 260 Boise, Idaho 83702Main +1 208 287 9500 Fax +1 208 287 9501paccra.com

DJ Thompson Associate DirectorOffice Specialist +1 208 287 8438 [email protected]

McMullen Creek Retail Center2333 East Addison Avenue, Twin Falls, Idaho 83301

FOR SALE




FOR SALE

RENT ROLL

UNIT / TENANT NAME OCCUPIED SF LEASE EXPIRATION OPTIONS TO RENEW

1 - Maximus Inc 1,392 SF + 159 SF Common Area 5/31/18 (3) 1 Year Options

3% Annual Increases

2 - Ground Control Cloggers 1,094 SF + 159 SF Common Area Month-to-Month -

3 - Julies Jazzworks - A (Front) 1,641 SF Month-to-Month -

4 - Julies Jazzworks - B (Back) 2,200 SF 5/31/18 -

5 - Motion Ind 3,950 SF 11/2020 (2) 2 Year Options 3% Annual Increases

TOTAL 10,595 SF RENT COLLECTED $8,878.10/MN - $106,537.20/YR

EXPENSES - $30,000/YR (NOI - $76,573.20)

HISTORICAL PHOTO




FOR SALE

12,000 ADT

2,9

00

AD

T

15,0

00

AD

T15

,00

0 A

DT

1.9

00

AD

T

3,30

0 A

DT

3,4

00

AD

T

15,000 ADT

Lighthouse Christian School

Average Daily Traffic (ADT) courtesy of Idaho Department of Transportation.


FOR SALE

Executive Summary2333 Addison Ave E, Twin Falls, Idaho, 83301 2 Prepared by Esri2333 Addison Ave E, Twin Falls, Idaho, 83301 Latitude: 42.56306Rings: 1, 3, 5 mile radii Longitude: -114.43742

1 mile 3 miles 5 milesPopulation

2000 Population 8,940 33,457 43,0912010 Population 10,939 39,113 53,6452017 Population 11,571 42,144 59,6302022 Population 12,136 44,710 64,0442000-2010 Annual Rate 2.04% 1.57% 2.21%2010-2017 Annual Rate 0.78% 1.03% 1.47%2017-2022 Annual Rate 0.96% 1.19% 1.44%2017 Male Population 48.5% 49.1% 49.2%2017 Female Population 51.5% 50.9% 50.8%2017 Median Age 35.9 34.1 33.8

In the identified area, the current year population is 59,630. In 2010, the Census count in the area was 53,645. The rate of change since 2010 was 1.47% annually. The five-year projection for the population in the area is 64,044 representing a change of 1.44% annually from 2017 to 2022. Currently, the population is 49.2% male and 50.8% female.

Median Age

The median age in this area is 35.9, compared to U.S. median age of 38.2.Race and Ethnicity

2017 White Alone 89.8% 86.4% 86.7%2017 Black Alone 0.8% 1.1% 0.9%2017 American Indian/Alaska Native Alone 0.7% 0.9% 0.9%2017 Asian Alone 2.2% 2.6% 2.1%2017 Pacific Islander Alone 0.2% 0.3% 0.3%2017 Other Race 4.2% 6.0% 6.3%2017 Two or More Races 2.2% 2.8% 2.8%2017 Hispanic Origin (Any Race) 11.2% 15.0% 15.0%

Persons of Hispanic origin represent 15.0% of the population in the identified area compared to 18.1% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 44.0 in the identified area, compared to 64.0 for the U.S. as a whole.

Households2000 Households 3,429 12,823 16,2822010 Households 4,178 14,986 20,1062017 Total Households 4,383 16,004 22,1362022 Total Households 4,579 16,919 23,6712000-2010 Annual Rate 2.00% 1.57% 2.13%2010-2017 Annual Rate 0.66% 0.91% 1.34%2017-2022 Annual Rate 0.88% 1.12% 1.35%2017 Average Household Size 2.62 2.58 2.65

The household count in this area has changed from 20,106 in 2010 to 22,136 in the current year, a change of 1.34% annually. The five-year projection of households is 23,671, a change of 1.35% annually from the current year total. Average household size is currently 2.65, compared to 2.62 in the year 2010. The number of families in the current year is 14,876 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

November 14, 2017

©2017 Esri Page 1 of 2





Median Age







November 14, 2017






Median Age







November 14, 2017






Median Age







November 14, 2017



1 mile 3 miles 5 milesMedian Household Income

2017 Median Household Income $42,575 $41,663 $43,3142022 Median Household Income $44,995 $43,648 $45,6312017-2022 Annual Rate 1.11% 0.94% 1.05%

Average Household Income

2017 Average Household Income $56,847 $56,539 $57,5282022 Average Household Income $64,752 $62,822 $64,1452017-2022 Annual Rate 2.64% 2.13% 2.20%

Per Capita Income2017 Per Capita Income $21,621 $21,636 $21,5552022 Per Capita Income $24,504 $23,882 $23,8792017-2022 Annual Rate 2.54% 1.99% 2.07%

Households by IncomeCurrent median household income is $43,314 in the area, compared to $56,124 for all U.S. households. Median household income is projected to be $45,631 in five years, compared to $62,316 for all U.S. households

Current average household income is $57,528 in this area, compared to $80,675 for all U.S. households. Average household income is projected to be $64,145 in five years, compared to $91,585 for all U.S. households

Current per capita income is $21,555 in the area, compared to the U.S. per capita income of $30,820. The per capita income is projected to be $23,879 in five years, compared to $34,828 for all U.S. households Housing

2000 Total Housing Units 3,543 13,678 17,3492000 Owner Occupied Housing Units 2,521 8,265 10,7492000 Renter Occupied Housing Units 908 4,558 5,5332000 Vacant Housing Units 114 855 1,067

2010 Total Housing Units 4,401 16,132 21,5892010 Owner Occupied Housing Units 2,867 9,123 12,7582010 Renter Occupied Housing Units 1,311 5,863 7,3482010 Vacant Housing Units 223 1,146 1,483



Currently, 57.7% of the 23,469 housing units in the area are owner occupied; 36.7%, renter occupied; and 5.7% are vacant. Currently, in the U.S., 55.6% of the housing units in the area are owner occupied; 33.1% are renter occupied; and 11.3% are vacant. In 2010, there were 21,589 housing units in the area - 59.1% owner occupied, 34.0% renter occupied, and 6.9% vacant. The annual rate of change in housing units since 2010 is 3.78%. Median home value in the area is $161,862, compared to a median home value of $207,344 for the U.S. In five years, median value is projected to change by 2.14% annually to $179,961.


November 14, 2017



1 mile 3 miles 5 milesMedian Household Income

2017 Median Household Income $42,575 $41,663 $43,3142022 Median Household Income $44,995 $43,648 $45,6312017-2022 Annual Rate 1.11% 0.94% 1.05%

Average Household Income

2017 Average Household Income $56,847 $56,539 $57,5282022 Average Household Income $64,752 $62,822 $64,1452017-2022 Annual Rate 2.64% 2.13% 2.20%

Per Capita Income2017 Per Capita Income $21,621 $21,636 $21,5552022 Per Capita Income $24,504 $23,882 $23,8792017-2022 Annual Rate 2.54% 1.99% 2.07%

Households by IncomeCurrent median household income is $43,314 in the area, compared to $56,124 for all U.S. households. Median household income is projected to be $45,631 in five years, compared to $62,316 for all U.S. households

Current average household income is $57,528 in this area, compared to $80,675 for all U.S. households. Average household income is projected to be $64,145 in five years, compared to $91,585 for all U.S. households

Current per capita income is $21,555 in the area, compared to the U.S. per capita income of $30,820. The per capita income is projected to be $23,879 in five years, compared to $34,828 for all U.S. households Housing

2000 Total Housing Units 3,543 13,678 17,3492000 Owner Occupied Housing Units 2,521 8,265 10,7492000 Renter Occupied Housing Units 908 4,558 5,5332000 Vacant Housing Units 114 855 1,067




Currently, 57.7% of the 23,469 housing units in the area are owner occupied; 36.7%, renter occupied; and 5.7% are vacant. Currently, in the U.S., 55.6% of the housing units in the area are owner occupied; 33.1% are renter occupied; and 11.3% are vacant. In 2010, there were 21,589 housing units in the area - 59.1% owner occupied, 34.0% renter occupied, and 6.9% vacant. The annual rate of change in housing units since 2010 is 3.78%. Median home value in the area is $161,862, compared to a median home value of $207,344 for the U.S. In five years, median value is projected to change by 2.14% annually to $179,961.


November 14, 2017


Business Summary2333 Addison Ave E, Twin Falls, Idaho, 83301 2 Prepared by Esri2333 Addison Ave E, Twin Falls, Idaho, 83301 Latitude: 42.56306Rings: 1, 3, 5 mile radii Longitude: -114.43742

Data for all businesses in area 1 mile 3 miles 5 milesTotal Businesses: 311 2,503 2,887Total Employees: 2,792 27,760 35,042Total Residential Population: 11,571 42,144 59,630Employee/Residential Population Ratio (per 100 Residents) 24 66 59

Businesses Employees Businesses Employees Businesses Employeesby SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 9 2.9% 45 1.6% 48 1.9% 378 1.4% 64 2.2% 561 1.6%Construction 20 6.4% 108 3.9% 128 5.1% 911 3.3% 157 5.4% 1,092 3.1%Manufacturing 12 3.9% 381 13.6% 76 3.0% 2,552 9.2% 85 2.9% 3,271 9.3%Transportation 7 2.3% 62 2.2% 76 3.0% 851 3.1% 88 3.0% 998 2.8%Communication 1 0.3% 6 0.2% 43 1.7% 574 2.1% 46 1.6% 669 1.9%Utility 1 0.3% 43 1.5% 15 0.6% 274 1.0% 17 0.6% 281 0.8%Wholesale Trade 14 4.5% 162 5.8% 122 4.9% 1,206 4.3% 143 5.0% 1,391 4.0%

Retail Trade Summary 62 19.9% 641 23.0% 565 22.6% 7,337 26.4% 630 21.8% 8,502 24.3%Home Improvement 7 2.3% 50 1.8% 34 1.4% 492 1.8% 39 1.4% 534 1.5%General Merchandise Stores 5 1.6% 185 6.6% 20 0.8% 835 3.0% 24 0.8% 1,204 3.4%Food Stores 7 2.3% 85 3.0% 43 1.7% 730 2.6% 49 1.7% 869 2.5%Auto Dealers, Gas Stations, Auto Aftermarket 8 2.6% 97 3.5% 88 3.5% 1,055 3.8% 99 3.4% 1,112 3.2%Apparel & Accessory Stores 4 1.3% 20 0.7% 44 1.8% 334 1.2% 45 1.6% 335 1.0%Furniture & Home Furnishings 5 1.6% 27 1.0% 55 2.2% 400 1.4% 61 2.1% 433 1.2%Eating & Drinking Places 7 2.3% 107 3.8% 129 5.2% 2,254 8.1% 147 5.1% 2,656 7.6%Miscellaneous Retail 18 5.8% 69 2.5% 150 6.0% 1,236 4.5% 167 5.8% 1,359 3.9%

Finance, Insurance, Real Estate Summary 30 9.6% 115 4.1% 246 9.8% 1,482 5.3% 270 9.4% 1,637 4.7%Banks, Savings & Lending Institutions 7 2.3% 47 1.7% 62 2.5% 569 2.0% 68 2.4% 628 1.8%Securities Brokers 3 1.0% 6 0.2% 21 0.8% 70 0.3% 23 0.8% 82 0.2%Insurance Carriers & Agents 6 1.9% 24 0.9% 65 2.6% 234 0.8% 70 2.4% 276 0.8%Real Estate, Holding, Other Investment Offices 14 4.5% 39 1.4% 99 4.0% 610 2.2% 110 3.8% 650 1.9%

Services Summary 141 45.3% 1,102 39.5% 984 39.3% 10,281 37.0% 1,166 40.4% 14,480 41.3%Hotels & Lodging 1 0.3% 1 0.0% 21 0.8% 291 1.0% 25 0.9% 355 1.0%Automotive Services 10 3.2% 36 1.3% 80 3.2% 389 1.4% 92 3.2% 426 1.2%Motion Pictures & Amusements 13 4.2% 107 3.8% 59 2.4% 985 3.5% 71 2.5% 1,174 3.4%Health Services 21 6.8% 172 6.2% 173 6.9% 2,490 9.0% 228 7.9% 5,331 15.2%Legal Services 4 1.3% 21 0.8% 46 1.8% 232 0.8% 49 1.7% 246 0.7%Education Institutions & Libraries 8 2.6% 233 8.3% 42 1.7% 1,811 6.5% 52 1.8% 2,318 6.6%Other Services 84 27.0% 532 19.1% 563 22.5% 4,083 14.7% 651 22.5% 4,630 13.2%

Government 7 2.3% 127 4.5% 141 5.6% 1,892 6.8% 153 5.3% 2,130 6.1%

Unclassified Establishments 7 2.3% 0 0.0% 61 2.4% 21 0.1% 67 2.3% 31 0.1%

Totals 311 100.0% 2,792 100.0% 2,503 100.0% 27,760 100.0% 2,887 100.0% 35,042 100.0%

Source: Copyright 2017 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2017.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.

November 14, 2017








Government 7 2.3% 127 4.5% 141 5.6% 1,892 6.8% 153 5.3% 2,130 6.1%


Totals 311 100.0% 2,792 100.0% 2,503 100.0% 27,760 100.0% 2,887 100.0% 35,042 100.0%


November 14, 2017








Government 7 2.3% 127 4.5% 141 5.6% 1,892 6.8% 153 5.3% 2,130 6.1%


Totals 311 100.0% 2,792 100.0% 2,503 100.0% 27,760 100.0% 2,887 100.0% 35,042 100.0%


November 14, 2017








Government 7 2.3% 127 4.5% 141 5.6% 1,892 6.8% 153 5.3% 2,130 6.1%


Totals 311 100.0% 2,792 100.0% 2,503 100.0% 27,760 100.0% 2,887 100.0% 35,042 100.0%


November 14, 2017


- LOCATED IN A GROWING AREA IN TWIN FALLS -In the identified area, the current year population is 59,630. In 2010, the Census count in the area was 53,645. The rate of change since 2010 was 1.47% annually. The five-year projection for the population in the area is 64,044 representing a change of 1.44% annually from 2017 to 2022.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

Site Map2333 Addison Ave E, Twin Falls, Idaho, 83301 2 Prepared by Esri2333 Addison Ave E, Twin Falls, Idaho, 83301 Latitude: 42.56306Rings: 1, 3, 5 mile radii Longitude: -114.43742

November 14, 2017




Jennifer McEnteeDirectorOffice Specialist +1 208 287 9495 [email protected]

DJ Thompson Associate DirectorOffice Specialist +1 208 287 8438 [email protected]

398 South 9th Street, Ste 260 Boise, Idaho 83702Main +1 208 287 9500 Fax +1 208 287 9501paccra.com

for sale mcmullen creek retail center -...

Documents